Freddie Mac's Portfolio Grows. Delinquency Rate Continues to Rise


by Jann Swanson

Freddie Mac released their activity summary today. This data reports on monthly and year-to-date activity for Freddie Mac's Total Mortgage, Retained and Total PC portfolios. It also contains monthly delinquency rates and interest rate risk sensitivity disclosures.

Freddie Mac's total mortgage portfolio increased by $1.44 billion to $2.24 trillion in September, much less than the $6.94 billion increase reported in August and well below the $38.65 expansion seen in March 2009.  Refinance-loan purchase volume was $21.4 billion in September, down from $35.6 billion in August. Year to date Freddie Mac's total mortgage portfolio has grown by $35.23 billion.

Freddie Mac's retained portfolio of mortgage investments grew $4.76 billion to $784.17 billion in September. Purchases in the retained portfolio totaled $18.84 billion, nearly double the $9.49 billion purchased in August.   Sales totaled $3.2 billion, much less than the $15.95 billion and $33.43 in sales reported in August and July respectively.  Freddie Mac liquidated $10.79 billion in loans in September, the lowest amount since January 2009.

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